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China Medical Technologies Files its Annual Report on Form 20-F Containing its Audited Consolidated Financial Statements for the Fiscal Year Ended March 31, 2009 with the SEC.

Article Excerpt
BEIJING, Sept. 30 /PRNewswire-Asia-FirstCall/ -- China Medical Technologies, Inc. (the "Company") , a leading China-based medical device company that develops, manufactures and markets advanced in- vitro diagnostic products, today announced the filing of its annual report on Form 20-F for the fiscal year ended March 31, 2009 with the U.S. Securities and Exchange Commission (the "SEC"). The annual report, which contains its consolidated financial statements for the fiscal year ended March 31, 2009 audited by its new independent auditors, PricewaterhouseCoopers, and comparative consolidated financial statements for the fiscal year ended March 31, 2008 audited by its former independent auditors, KPMG, can be accessed on the Company's investor relations website at http://ir.chinameditech.com/. Shareholders can receive a hard copy of the annual report free of charge by sending a request to IR@chinameditech.com.

The Company has recently made the following adjustments on its previously reported unaudited quarterly and annual condensed consolidated statements of income which are setout below:

Reclassification of expenses

Reclassification of sales and marketing expenses related to the costs of free ECLIA analyzers to cost of revenues

The Company considered that it was more appropriate to record the costs of ECLIA analyzers provided free of charge to the Company's customers starting from April 2008 in the cost of revenues rather than sales and marketing expenses. The reclassification of the expenses to cost of revenues covered the respective unaudited quarterly consolidated income statement for the quarters ended June 30, 2008, September 30, 2008, December 31, 2008, March 31, 2009 and June 30, 2009 and the unaudited annual consolidated income statement for the fiscal year ended March 31, 2009.

Reclassification of foreign exchange gain (loss) from general and administrative...

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